At what point will exchange of contracts happen for sale conveyancing in Canonbury and do I need to be at the solicitors office?
If you are near to one of the conveyancing solicitors in Canonbury you are invited in to sign the paperwork. However, the lender approved solicitors we recommend offer a countrywide conveyancing service and give as equally detailed and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the important part. A signed contract simply enables the firm to address the formalities at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Canonbury)to be in the office at the appropriate time.
Me and my brother purchased a semi-detached Victorian property in Canonbury. Conveyancing lawyer acted for me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the exact same address. Is it worth asking Accord Mortgages Ltd to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Canonbury and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing practitioner who completed the work.
I am buying a new build house in Canonbury with a loan from Barclays Direct. The builders would not move on the amount so I negotiated 6k of extras instead. The sale representative suggested that I not inform my conveyancer about this deal as it will affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Canonbury is the location of the property. Can you shed any light on this issue?
Flying freeholds in Canonbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Canonbury you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canonbury may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Am I right to be wary by third parties that I am dealing with are encouraging me to use a national conveyancing firm rather than a High Street Canonbury conveyancing firm?
As is the case with many service providers, often recommendations from family and friends can be extremely useful or valuable. Yet there are lots of players in a conveyancing transaction; estate agents, financial adviser and lenders might all put forward lawyers to appoint. On occasion the lawyers might be known to one of the organisations as one of the best in their field, but sometimes there might be a commercial relationship behind the recommendation. You are free to select your own lawyer. Don't forget that most banks specify a panel list of lawyers you are obliged to use for the mortgage aspect of your house move.
My husband and I are a fortnight into a leasehold purchase having been recommend to solicitors by the local agent to carry out the conveyancing in Canonbury. We are not happy. Could you help me find new solicitors?
A conveyancer would need to be really bad in order to consider replacing them. Has the loan offer been issued? If so you will need to make them aware of the new conveyancer and get the mortgage documents are re-issued. Your conveyancer should be on the mortgage company approved list to avoid supplemental costs and complications. That should be your starting point. The find a solicitor tool should assist you in finding a bank approved conveyancer for your home move in Canonbury